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The group acquired the Canadian debt collection company Nor-Don Collection Network (NCN) in 2011. [29] In 2013 the group took over the debt collection unit of Spanish bank Banco Popular, [30] and purchased the company SAF Forderungsmanagement from Deutsche Telekom. [31] In 2015 it acquired the Swisscom debt collection subsidiary Alphapay.
Axactor ASA is a multinational debt buyer, headquartered in Oslo. The company is listed on the Oslo Stock Exchange. [1] The company was started in 2015 when Nickel Mountain Group acquired ALD Abogados in Spain. [2] Axactor purchased its first NPL portfolio, through its Spanish subsidiary, in February 2016 worth approximately €500 million. [3]
A debt collection bureau in Minnesota. Debt collection or cash collection is the process of pursuing payments of money or other agreed-upon value owed to a creditor. The debtors may be individuals or businesses. An organization that specializes in debt collection is known as a collection agency or debt collector. [1]
2. Know your debt collection rights. Educate yourself about your rights under the Fair Debt Collection Practices Act (FDCPA). This federal law regulates how creditors and debt collectors can ...
What to do. Where to go. File a complaint about a debt collector or creditor's in-house collection agency. U.S. Consumer Financial Protection Bureau, 855-411-2372 or the complaint form on the CFPB ...
Statute of limitations on debt collection by state. The statute of limitations is a law that limits how long debt collectors can legally sue consumers for unpaid debt. The statute of limitations ...
On 30 September 2014, Wonga announced that its profits for the previous year had fallen by 53% to £39.7 million. The company blamed the cut in profits to "remediation costs" – compensation paid to customers – which in total cost the company £18.8m, and predicted its profitability would be reduced through new controls set out by the Financial Conduct Authority (FCA) from June of that year.
“Debt collectors are mandated by law to disclose the amount due, the name of the creditor and the right of the debtor to verify or dispute the debt,” said David Clark, lawyer and partner at ...